Gaming: Web 2 vs. Web 3....
The gaming world will soon (if it hasn’t happened already) experience one of the biggest shifts in an ecosystem this side of the dot-com era the world has ever seen. So how will this massive ecosystem evolve? Well…because of four facts about web3; web3 is
Decentralized ⬅️ ➡️
Has Native Payments 🪙
Is Trustless ❌
What does this mean? Why does it matter? Well, decentralization means that gamers each receive a portion of ownership. By removing control from a select few, everyone may actively engage in a completely different capacity! Permissionless system allow you to never have to sign those pesky terms and conditions to access content. Now in web3 now one is left out since authorization is not needed to access content! Native payments eliminate the middle man when buying stuff and when your getting paid. Lastly, web3 is Trustless which means you no longer have to rely on third party vendors to act ethically with your data.
Well what does this really mean, I mean without just listing a bunch of random definitions, how will my gaming experience actually improve? 🤔
Think about this, traditional games merely provide players with a shallow sense of satisfaction while costing them a fortune 💸. After the game ends or the user logs off, all gained in-game items become completely worthless 😓.
A new monetization model for gaming has been created thanks to Web3, which is built on technologies like blockchain and NFTs. With the help of staking and other strategies, players can generate passive revenue 📈. For the time and effort they invest in games, they also receive cash compensation 💰.
This new monetizable ecosystem is not just for gamers but developers as well! Web3 games have created a limitless source of income for game developers 🧑🏽💻. They are able to run in-game marketplaces 💹, offer in-game purchases, and give gamers trading freedom that has never been seen before. In short, web3 in gaming has completely changed how money is made.
Anyone familiar with the excitement around web3 can easily predict how immersive, social, and connected decentralized gaming will be in the very near future‼️
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